AltNovel and 3iQ jointly launch Middle East digital asset multi strategy fund

2025-05-12 02:24

According to Crowdfunding Insider, Abu Dhabi licensed private equity platform AltNovel has partnered with Canadian digital asset management company 3iQ to launch the Middle East's first multi strategy digital asset fund, AltNovel Digital Access Portfolio. This fund is aimed at professional investors and aims to achieve an annualized return of over 20% through a combination hedging strategy, with a maximum drawdown controlled within 2.4%, aiming to provide allocation options with low correlation to traditional assets. This product will combine 3iQ's digital asset management experience with AltNovel's combination building capabilities, and operate within the regulatory framework of the Abu Dhabi Global Market (ADGM). Pascal St Jean, CEO of 3iQ, pointed out that the demand for institutional level risk management solutions in the Middle East market has significantly increased. Data shows that the United Arab Emirates has become the world's first sovereign country to implement a comprehensive regulatory framework for encrypted assets.

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